Mosea Technologies, a Toronto-based payment startup, has raised $2.5 million in seed funding. The backers have not been disclosed. The company plans to use the funds to accelerate its expansion and introduce its social payments app to new users across Canada.
Mosea is a mobile app that allows users to send instant money transfers to friends, split bills for large groups, and create campaigns to sell tickets to events. The app is currently used by Canadian university campuses, school clubs, groups, and organizations. With the new funding, Mosea plans to expand its user base by marketing its app to a wider range of users, including individuals and businesses. The company also plans to add new features to the app, such as the ability to make recurring payments and the ability to pay with credit cards.
Mosea's CEO, Luke de Haas, said that the company is "excited to use this funding to bring Mosea to more people across Canada." He added that Mosea is "committed to making it easier for people to send and receive money, split bills, and sell tickets." Mosea is a well-positioned company to capitalize on the growing demand for mobile payment apps. The company has a strong team with a proven track record, and it has a clear vision for the future. With the new funding, Mosea is well-positioned to become a leading player in the Canadian payments market.
